Bentley Systems (NASDAQ:BSY) Now Covered by UBS Group

UBS Group began coverage on shares of Bentley Systems (NASDAQ:BSY - Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $48.00 target price on the stock.

Several other research analysts have also commented on BSY. JPMorgan Chase & Co. began coverage on Bentley Systems in a report on Monday, December 9th. They set a "neutral" rating and a $52.00 price target on the stock. Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. Finally, Piper Sandler decreased their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Bentley Systems presently has a consensus rating of "Hold" and an average target price of $55.13.

Bentley Systems Price Performance

BSY stock traded down $1.44 during mid-day trading on Monday, reaching $38.78. 607,114 shares of the company's stock were exchanged, compared to its average volume of 1,252,959. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems has a 12-month low of $38.33 and a 12-month high of $57.19. The stock's 50 day moving average is $44.00 and its 200 day moving average is $46.94. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Insider Buying and Selling at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.12% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in Bentley Systems during the 3rd quarter valued at approximately $30,000. Private Trust Co. NA lifted its holdings in shares of Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after purchasing an additional 378 shares during the period. Tobam purchased a new position in Bentley Systems in the 4th quarter valued at $55,000. Atala Financial Inc purchased a new position in Bentley Systems during the 4th quarter worth $55,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Bentley Systems in the fourth quarter valued at about $75,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

About Bentley Systems

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.